Creative Newtech to Acquire Infinova India for $4M

Creative Newtech Limited announced its Board of Directors has approved the proposed acquisition of 100% equity share capital of Infinova (India) Private Limited for up to USD 4.00 Million. This strategic move aims to build a 'Make in India' surveillance technology platform, incorporating Infinova's Indian business operations, brand rights, manufacturing facility, and experienced team. The acquisition signifies a transition for Creative Newtech from a distribution-led model to an integrated, technology-led surveillance business, enhancing local assembly, manufacturing, product ownership, and after-sales support. The transaction is subject to due diligence, necessary approvals, and definitive agreements.